900 Frontage RdMeridian, MS 39301
- Hospitality properties
- 5,931 SF
Property Details for 900 Frontage Rd
- Year built
- 1950
- Lot size
- 1.25 AC
- Property size (Sq ft)
- 5,931 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
- APN
- 84174000000000800
- APU
- 84174000000000800
Description
This exceptional 1-acre commercial lot is available for lease on North Frontage Road, offering unparalleled visibility from the heavily trafficked I-20/59 interstate. The property's strategic location ensures maximum exposure to a large and diverse customer base. Its single-tenant occupancy presents a unique opportunity for businesses seeking a prominent presence in a thriving commercial area. The lot is situated in Lauderdale County, within close proximity to a range of amenities including hotels, a major shopping mall, numerous retail centers, and a variety of restaurants. This prime location provides easy access for employees and customers alike, enhancing the overall convenience and appeal of the property. The property is classified as Special Purpose, offering flexibility for a wide range of commercial uses. The single-suite building on the lot presents a streamlined and efficient operational environment. This exceptional opportunity is perfect for businesses seeking high visibility and convenient access to a bustling commercial hub. The property's size and location make it an ideal choice for a variety of commercial ventures. Don't miss this chance to establish your business in a highly desirable and strategically advantageous location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,129,221
- 6.5%
- $1,042,358
- 7%
- $967,904
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,037,474
- Geo Method
- $2,718,717
-
Alternative Use
- Use
- Valuation
- Residential
- $1,137,952
- Hospitality
- $1,042,358
- Educational
- $867,230
- Medical
- $897,055
- Retail
- $1,349,024
Location Insight
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Latitude
- 32.361
- Longitude
- -88.6803
- CBSA code
- 32940
- CBSA name
- MERIDIAN, MS MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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